UPDATE: U.S FINALIZES $20,000 VISA BOND POLICY AFFECTING NIGERIA AND 49 OTHER NATIONS. (PHOTO).

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 U.S Finalizes $20,000 Visa Bond Policy Affecting Nigeria and 49 Other Nations The United States government has officially formalized its visa bond policy, making it a permanent measure that could require travelers from 50 designated countries, including Nigeria, to pay a refundable bond of up to $20,000 before receiving certain visas. First introduced as a pilot scheme in 2025, the policy targets applicants seeking B1 and B2 visas, which are designated for business and tourism. According to the U.S. Department of State, the initiative is designed to bolster compliance with local immigration laws and drastically reduce visa overstay rates. How the Visa Bond Policy Works Under the permanent guidelines, U.S. consular officers have the discretion to instruct eligible applicants to post a bond as a prerequisite for visa issuance. However, U.S. authorities have clarified that the financial requirement will not be applied automatically to every traveler from the listed nations. Data anal...
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FG MOVES TO BOOST FOOD PRODUCTION TO TAME INFLATION-EDUNML.(PHOTO).

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 FG moves to boost food production to tame inflation — Edun


In a bid to tackle inflation and ensure food security, the Federal Government is intensifying efforts to increase food production in the country.


The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, in his remarks at the Nigerian delegation’s wrap-up press briefing, during the 2024 IMF/World Bank Annual Meetings in Washington DC, Sunday, stated that the government is focusing on collecting the wet season harvest and identifying small-scale farmers to ensure a good dry season harvest.


Mohammed Manga, Director, Information and Public Relations said in a statement late Sunday night that the Minister stated further that efforts were being intensified to increase food production in the country and that with better harvests, the inflation rate would fall, given that food was responsible for 50 percent of the Consumer Price Index.


He emphasised that “We need to remember that food represents 50 percent of the Consumer Price index.


“So, success in this area will help to drive down inflation in addition to all the other measures that the Governor of the Central Bank of Nigeria, using data, using evidence-based information to fight inflation is implementing.

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